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How financial services are benefiting from AI
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As the popularity of generative AI increases, it has now turned to assisting in finance. In an interview with Yahoo Finance Live, Daniel Wolfe, American Banker content director for credit unions and payments, discusses how generative AI has been integrated into the financial space.
Wolfe explains that in finance, AI has already been invested in to help with areas like fraud detection, customer service, programming and more. He states that generative AI is ""well-suited"" for these tasks because ""you need speed and you need scale"" that humans may not be able to provide alone.
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Follow Yahoo Finance on social:
#ai #financialservices #yahoofinance
Wolfe explains that in finance, AI has already been invested in to help with areas like fraud detection, customer service, programming and more. He states that generative AI is ""well-suited"" for these tasks because ""you need speed and you need scale"" that humans may not be able to provide alone.
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
- Follow Yahoo Finance on social:
#ai #financialservices #yahoofinance
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